May 20, 2005
Venezuela and Guyana discussed fuel loan arrangement

(Stabroeknews.com) - "A Venezuelan delegation met with Prime Minister of Guyana, Samuel Hinds, to discuss Guyana's prospects of accessing fuel under the Caracas Energy Accord.

A Government Information Agency (GINA) statement said that the delegation - consisting of Venezuela's Vice-Minister of Foreign Affairs, Delcy Rodríguez, and Director General of Hydrocarbons in the Ministry of Energy and Petroleum, Iván Orellana - held meetings with Hinds and Head of the Guyana Energy Agency (GEA) Joséph O'Lall.

Under the accord, countries can purchase oil supplies on concessional terms as it provides a range of prices for financing long-term low- interest loans to each country based on the amount of oil that is purchased (...)".